AI MODEL NOVA
Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?
As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giants such as Snowflake and Nvidia are pioneering model-routing solutions, while innovative startups in India are joining the ranks. Research shows that leveraging multiple models can enhance efficiency and cut costs, though factors like language quality and security challenges impede progress.
Ringg AI raises $10 million in funding from Peak XV Partners, others
Founded in 2023 by Siddharth Tripathi, Kali Charan Vemuru and Utkarsh Shukla, the startup counts Policybazaar, CRED, Flipkart, Groww and Practo among its customers.
Amazon winds down most flagship AI models in strategy overhaul, Business Insider reports
Amazon is shifting its artificial intelligence strategy towards new frontier models. The company is deprecating many of its existing Nova AI models. Resources are now moving towards a new frontier-model development effort. This new flagship model is expected to debut later this year. Amazon recently trimmed jobs in its artificial general intelligence group.
Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email shows
The regulator, the Office of the Superintendent of Financial Institutions, sent the email to chief technology officers, chief information security officers, and chief risk officers across the financial industry, including the big banks and insurers, according to documents Reuters obtained through an access-to-information request.
US chip startup SambaNova scores billion-dollar funding round
American AI chip startup SambaNova secured $1 billion in new funding. This investment values the company at an impressive eleven billion dollars. The company focuses on AI inference, which is crucial for user queries. This funding will support SambaNova's infrastructure development and expansion. Newcomers like SambaNova aim to challenge Nvidia's market dominance.
Intel CEO unveils AI innovations and partnerships at mega tech event in Taiwan
Intel unveiled new AI-focused technologies, strategic collaborations, and next-generation processors at Computex 2026. The company announced a Rack Scale AI infrastructure platform combining Xeon processors with SambaNova's units, alongside partnerships for industry-specific AI solutions and the launch of its Xeon 6+ processors. These advancements aim to strengthen Intel's AI presence across various sectors.
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Isourse Technologies hackathon spotlights AI, economic modelling, enterprise tech solutions
Isourse Technologies concluded AlgosQuest'25, a national hackathon in New Delhi, where young innovators tackled AI, economic modelling, and enterprise tech challenges. Six finalist teams presented solutions, with Team NullPointer from Kolhapur winning for 'SoMail'. The event highlighted the crucial link between academia and industry, fostering practical, real-world problem-solving skills among students.
Amazon to invest up to $25 billion in Anthropic as part of $100 billion cloud deal
Amazon is injecting up to $25 billion into AI startup Anthropic, solidifying a partnership where Anthropic commits over $100 billion to Amazon's cloud services. This significant investment, building on previous funding, aims to bolster Anthropic's AI models and secure crucial cloud infrastructure for the burgeoning AI sector.
Can AI tell if your food is ultra-processed? CMC Vellore doctor breaks down what studies found
Artificial intelligence is now helping identify ultra-processed foods. A recent study shows tools like ChatGPT can classify foods with high accuracy. This capability is crucial as ultra-processed foods link to serious health issues. AI can speed up dietary analysis for researchers. Experts will still provide oversight. This technology offers a fast way to understand food processing in modern diets.
Amazon commits $50 billion to OpenAI; announces multi-year partnership with AWS
Amazon’s $50 billion commitment is the largest in this round, surpassing the $30 billion each pledged by Nvidia and SoftBank. This round of funding gives OpenAI a pre-money valuation at $730 billion.
Intel strikes deal with a chip startup its CEO invested in
Intel, which has lagged in making chips for artificial intelligence, is turning for help to a startup that its CEO helps lead as an investor and chair.
Tata's iPhone ambitions; Pronto eyes fresh fuel
Tata Electronics is building itself up to be the biggest iPhone producer in India. This and more in today’s ETtech Top 5.
Who is Rohit Prasad, Amazon AI executive set to exit the company after 12 years? All about Ranchi BIT Mesra graduate
Rohit Prasad Amazon: Amazon's artificial general intelligence chief Rohit Prasad is set to depart from the company after 12 long years. Prasad joined Amazon in 2013 and before that, he served as the chief scientist for Alexa. Born and raised in India, Rohit Prasad completed his undergraduation from BIT Mesra in Ranchi and was inspired by Star Trek and talking computers.
Amazon shakes up AI team as veteran Prasad leaves, DeSantis promoted
Amazon is reshaping its AI leadership as it pushes harder to compete with major tech rivals. Veteran cloud chief Peter DeSantis will oversee AI models, chips and quantum computing, while Alexa AI leader Rohit Prasad departs. The shake-up follows big AI investments and signals a sharper focus on future technologies.
India not behind in AI, building foundation models not the holy grail: Indeed exec Madhu Kurup
Indeed’s VP of Engineering, Madhu Kurup, said India’s AI position is mixed: ahead in areas like UPI-powered digital payments, but behind in building costly foundation models. He highlighted that in the meantime, while foundational models are being built, Indian companies can catch up by fine-tuning available open-source models for local use.
AWS says custom AI chip line becomes multibillion-dollar business, unveils plans for Trainium 4
Speaking at the company’s annual event, AWS re:Invent 2025 in Las Vegas, CEO Matt Garman said that Trainium is already a multibillion-dollar business, and that 1 million Trainium chips have been deployed so far.
Amazon to use Nvidia tech in AI chips, roll out new servers
Amazon's AWS cloud computing unit on Tuesday said it will adopt key Nvidia technology in future generations of its artificial intelligence computing chips as the firm ramps up efforts to get major AI customers using its services.
Amazon pledges up to $50 billion to expand AI, supercomputing for US government
The project, expected to break ground in 2026, will add nearly 1.3 gigawatts of new AI and high-performance computing capacity across AWS Top Secret, AWS Secret and AWS GovCloud regions through new data centers equipped with advanced compute and networking systems.
Nvidia chip challenger FuriosaAI scores first major customer LG
FuriosaAI, a Seoul-based startup, will supply its AI chip RNGD to LG AI Research. This follows a rejection of an $800 million acquisition bid from Meta. LG will use the chip for its Exaone large-language models. FuriosaAI aims to challenge Nvidia and other AI chip companies.
Amazon loses AWS generative AI boss as tech talent shuffle heats up
Amazon’s AWS lost its VP for generative AI, Vasi Philomin, amid fierce talent competition. Philomin helped lead key AI products like Amazon Titan and Bedrock. Amazon is investing heavily in AI, including $8 billion in Anthropic, while CEO Andy Jassy warned AI will reduce some corporate jobs.
AWS expanding AI offerings, developing dedicated industry solutions
Amazon Web Services (AWS) is expanding its AI and cloud offerings, including Amazon Bedrock and Nova models, to support generative and agentic AI adoption. It emphasises upskilling, having trained 5.9 million Indians, and plans to invest $16.4 billion in India by 2030 to drive digital transformation.
Amazon to launch new AI reasoning model 'Nova' this year to take on Meta AI, ChatGPT and Google's Gemini: 10 points
E-commerce giant Amazon is building its own artificial intelligence model that could compete with more established offerings from firms like OpenAI and Anthropic. Amazon's upcoming Nova AI model aims to enhance reasoning capabilities. Nova is a reasoning AI model set to launch in June this year, reports suggest. In December last year, Amazon CEO Andy Jassy announced the new "Nova" models at a conference in Las Vegas.
Amazon’s Alexa Plus brings new agentic capabilities; leveraging Anthropic's Claude
Amazon has developed a system of “experts” — specialised groups of application programming interface (APIs), capabilities, and instructions that handle specific tasks with precision. It brings new agentic capabilities, allowing it to independently browse the internet and complete tasks without user supervision.
Amazon announces new slate of AI models
The announcements at the conference in Las Vegas are Amazon's biggest step toward combating a reputation that it was caught flatfooted in developing AI applications as competitors sped ahead. Video generation from a single image or text prompt has been particularly hot, with Adobe, Meta, OpenAI and Tik Tok parent ByteDance, among others, all announcing new such AI applications.
High-cost GPUs not fit for next phase of AI
The maker of SN40L reconfigurable dataflow unit (RDU) chip has positioned itself as a power-efficient alternative meant for better inferencing speed and accuracy as compared to Nvidia GPUs. Backed by investors like SoftBank, Blackrock, Intel Capital, GV, Walden International, Temasek and GIC, the AI chip maker is valued at $5.1 billion and serves customers like Saudi Aramco, Accenture and Analog Devices.
Chinese AI firms showcase resilience, innovations at AI event despite US sanctions
The World AI Conference in Shanghai featured AI products from Tesla, Qualcomm, and Chinese firms. SenseTime debuted SenseNova 5.5 after ChatGPT. Optimism remains despite U.S. sanctions, as Huawei's Cloud Computing advocates innovation. Baidu CEO Robin Li calls for focusing on AI applications over foundational models.
HR companies find many GenAI use cases to raise efficiency
Global tech leader Service Now partnered with Hugging Face to roll out the Now LLM, an instruction fine-tuned version of a model in the StarCoder model family, for HR leaders to drive productivity and operational efficiency by reducing redundant and manual tasks. Global captive centre (GCC) scaler company ANSR has built the Nova LLM trained using Vicuna 7B model based on the Llama 2 series, trained on public and proprietary information.
Alibaba to Baidu, Chinese firms working on ChatGPT-style AI technology
On April 11, e-commerce giant Alibaba Group showed off its AI large language model called Tongyi Qianwen, saying it would be integrated into all its apps in the near future.
China's SenseTime unveils new AI products and chatbot
Xu Li, CEO and co-founder of one of China's largest AI firms, showed a live demonstration of the chatbot they called "SenseChat" writing an email and telling a story about a cat catching a fish when prompted by questions, as well as scripting computer codes.
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